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khanone of the best solution for bank money creation is 100% required reserve system, where central bank obliges banks to keep 100% required reserve of all demand and time deposits.the second solution to control banks money creation is to verify all bank lending that where these money goes? means only ...

8 hours ago

Rory ShortThe source of all our problems with money, and the end-less debates about how to fix the problems, is the disconnect between the production of money and the economic acts which justify money’s existence.The basic economic act is the completed voluntary exchange, between two parties, of two differe...

11 hours ago

keithfromashfordBanks, the banking industry and the monetary system have become a joke.Banks have become strange hybrid (private/state) institutions where the profits remain in private hands and the losses are socialised.They need “too big to fail” status because they know they can’t stand on their own two fe...

13 hours ago
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Is the Next Global Financial Crisis Upon US?

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Financial markets are currently in a frenzy – and a global market crash could be just minutes away. Earlier last week, China allowed its currency to fall in value, prompting its highest one-day decline in over two decades. Today, data shows that China’s factories have contracted at their fastest pace since the most recent financial crisis. Market panic is quickly gaining pace as China’s economy shows clear signs of further deterioration.

keithfromashfordMany years ago when Alan Greenspan first proposed using monetary policy to control economies, the critics said this was far too broad a brush.After the dot.com crash Alan Greenspan loosened monetary policy to get the economy going again. The broad brush effect stoked a housing boom.When he tightened...

14 hours ago

keithfromashfordThis is the oncoming crisis.The same crisis as 1999 and 2008, but a bit worse this time:"Leveraged Financial Speculation in the US at a Familiar Peak, Once Again"http://www.zerohedge.com/news/......

14 hours ago

adiosspainCredit banks are not legitimate businesses, they are counterfeiters. Won't be replying to any more of your idiotic comments. Stick with the daily mail....

6 days ago
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How to bypass the financial markets and ensure money is spent on building homes, roads and energy infrastructure (nef)

It is clear that the current approach to monetary policy – which essentially hasn’t changed for three years – is failing to achieve the economic pick-up that the government and policy makers assumed it would have by now. So experimenting with how QE is used in the future, and thinking strategically, would not be as disastrous a policy as some would have you believe, argues Josh Ryan-Collins, Associate Director of the Economy and Finance team at New Economics Foundation in the article entitled 'Strategic Quantitative Easing – public money for public benefit', 12th August 2015

jamesmurraylawHi RJ,Dunno where austerity comes into it...Continued austerity by Osborne appears to be merely a thinly disguised excuse to drag back the size of the Public Sector - i.e. cutting back spending well beyond that needed to reduce the deficit.Whether it will result in a recession or depression seems to...

1 weeks ago

RJUnsure what you mean by this. Do you support austerity? Because if austerity goes too much further it will almost certainly result in a recession or depression. A Govt surplus certainly will. This isn't socialism (it could be achieved by tax cuts) but economic reality. The world needs yearly increas...

2 weeks ago

jamesmurraylawJeremy CHere my is a daft socialist Socialism was tried all over the last century in many places and failed miserably. Great on redistribution of wealth but dreadful in actually creating it. And of course it cannot even begin to be put in place unless the civil rights of individuals are sacrificed....

2 weeks ago
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When Entire Economies are Held Hostage

economies held hostage

The recent dramatic events surrounding the Greek debt crisis had many of us on the edge of our seats as we witnessed history unfolding before our eyes. From the calling of the referendum, to the landslide No vote, to Tsipras’ subsequent capitulation under pressure from the Troika-- for many of us it was as gripping as it was occasionally demoralising (like watching the finals except the outcome actually matters). What I’m sure is lost on most, obscure as the mechanics of the monetary system are, is the crucial role of fractional reserve banking both in precipitating the crisis and in using it to strip the Greek people of their democratic sovereignty.

keithfromashfordBanks, the banking industry and the monetary system have become a joke.Banks have become strange hybrid (private/state) institutions where the profits remain in private hands and the losses are socialised.They need “too big to fail” status because they know they can’t stand on their own two fe...

13 hours ago

bankster01RJ, I have to say you are a persistant distraction. I think Graham explains things very well....

13 hours ago

bankster01Look at the banking 101 videos on this site, which are a cut down version of the book "Where does money come from ?" Some punctuation in your last paragraph would make it easier to read....

13 hours ago
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